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Income Taxes
9 Months Ended
Sep. 30, 2025
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The following table presents the Company’s provision for income taxes (in thousands):
Fiscal Quarter EndedThree Fiscal Quarters Ended
September 30,
2025
October 1,
2024
September 30,
2025
October 1,
2024
Provision for (benefit from) income taxes$$(127)$49 $48 
Effective income tax rate(0.1)%1.8 %(0.1)%(0.2)%

The effective tax rate for the third quarter and the first three quarters of 2025 and 2024, reflects the impact of the previously recorded valuation allowance. For the remainder of fiscal 2025, the Company does not anticipate material income tax expense or benefit as a result of the valuation allowance recorded. The Company will maintain the valuation allowance against deferred tax assets until there is sufficient evidence to support a full or partial reversal. The reversal of a previously recorded valuation allowance will generally result in a benefit from income tax.

On July 4, 2025, the United States Congress enacted H.R.1, commonly known as the One Big Beautiful Bill Act, which introduces a wide range of tax reform measures. These include extensions and modifications of key provisions from the Tax Cuts and Jobs Act, as well as changes to rules allowing accelerated tax deductions for qualified property and research expenditures. The legislation includes multiple effective dates, with certain provisions taking effect in 2025 and others phased in through 2027. While we are continuing to evaluate the full impact of the legislation on our estimated annual effective tax rate and cash tax position, we do not currently expect it to have a material effect on our financial statements, tax provisions, or cash tax position. We will continue to monitor forthcoming administrative guidance and regulatory developments that may further clarify the implementation of the provisions.